The UK’s industry regulator Ofgem confirmed its decision to allow energy suppliers to defer network payments in light of the on-going COVID-19 pandemic. The new scheme, amounting to £350 million, will support energy providers that are yet to have their investment-grade credit rating.
Employment in this time of crisis can be considered a blessing, especially since a lot of furloughs and job cuts have been happening across industries. Working in the energy sector has been challenging—more so now that customers need this essential service and their suppliers assist them without fail.
The recent May bank holiday in the UK sparked the lowest-ever electricity demand across the country. While low demand may sound easy to handle, there is a lot of work that goes on to ensure that the National Grid does not collapse. There needs to be a balance between generation and supply across the country.
As more people work from home and businesses deciding this is a new way forward, demand for broadband has seen a significant increase. Major internet providers in the UK have already removed data caps on their fixed-line services amid the coronavirus crisis.
The UK Energy sector is continuously changing—right from the development of new plants to net-zero targets and penalties sanctioned by the industry watchdog Ofgem.
However, one thing that remains steady is the complaints related to poor customer
Britain’s electricity network witnessed another exceptional weekend during the most recent bank holiday as its carbon intensity dropped to lifetime lows. Alongside the record-breaking carbon drop, wholesale power prices also went below-zero.